MILAN, April 20 Italian oil refiner Saras
cleared in the first quarter of this year the debt it
owed Iran for oil bought before sanctions were imposed, general
manager Dario Scaffardi said.
The total amount of debt the refiner owed Iran was 400
million euros, the company said.
It paid off last year a large part of the money owed.
International financial sanctions on Iran were lifted last
year after a deal over nuclear weapons development, though
banking ties remain restricted.
Saras used to take a significant part of its feedstock from
Iran before the embargo. It has resumed shipments since.
(Reporting by Stephen Jewkes)